CNBC | OPEC and allies warn surging oil output is poised to leave crude market oversupplied in 2019 CNBC The oil market looks poised to swing into oversupply next year as growing global crude output swamps shaky demand, a committee of allied producer nations said on Sunday. The committee of several OPEC members and other crude exporters says a larger ... OPEC may decide to pare back oil production next month, report says Russia and Saudi Arabia set to clash over oil output Oil producers see oversupply, call for new strategies |